Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) Selling, General, & Admin. Expense: R$ Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:SPG211 Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada BSP:SPG211
7 GF Score
Price R$12.07
! 1 Warning Sign
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What is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Selling, General, & Admin. Expense?

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada BSP:SPG211 7 Selling, General, & Admin. Expense is R$ Mil as of Dec. 2025. GuruFocus rates BSP:SPG211 with a GF Score™ of 7/100. The stock has 1 warning sign investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's selling, general, & admin. expense for the six months ended in Dec. 2025 was R$0.90 Mil. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada does not have enough years/quarters to calculate its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025.


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada  (BSP:SPG211) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Selling, General, & Admin. Expense Related Terms


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Selling, General, & Admin. Expense Chart

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Annual Data
Trend Dec24 Dec25
Selling, General, & Admin. Expense
0.00 0.90

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Semi-Annual Data
Dec24 Dec25
Selling, General, & Admin. Expense 0.00 0.90

BSP:SPG211 vs VICI, WPC: Selling, General, & Admin. Expense Comparison

For the REIT - Diversified subindustry, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Selling, General, & Admin. Expense falls into.


BSP:SPG211
7GF Score
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada BSP:SPG211
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

What does a Selling, General, & Admin. Expense of R$ Mil mean?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) has a Selling, General, & Admin. Expense of R$ Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada and its competitors.
Is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Selling, General, & Admin. Expense too high?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current Selling, General, & Admin. Expense is R$ Mil. Overall, Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Selling, General, & Admin. Expense compare to VICI and WPC?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's Selling, General, & Admin. Expense of R$ Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada and its competitors. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's current Selling, General, & Admin. Expense is R$ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada stock overvalued right now?
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211) has a current Selling, General, & Admin. Expense of R$ Mil. The current Selling, General, & Admin. Expense is R$ Mil. Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada's overall GF Score™ is 7/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada (BSP:SPG211), the current Selling, General, & Admin. Expense is R$ Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada Business Description

Industry Real EstateREITs
Address Rua Dr. Eduardo de Souza Aranha, No. 153, 4th floor, Itaim Bibi, Sao Paulo, SP, BRA, 4543-120
Spgm Ii Fundo De Investimento Imobiliario Responsabilidade Limitada is a real estate investment fund. It is established to carry out the activity of providing services for the management of portfolios of securities and securities (Administrator), within the scope of the primary public offering of the 1st (first) issue of shares of Class Single Class of the Fund, in a single class and series.
7GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$12.07
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